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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$274.23 USD

274.23
1,497,858

+2.43 (0.89%)

Updated Sep 26, 2024 03:59 PM ET

After-Market: $274.00 -0.23 (-0.08%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value D Growth C Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 31% (78 out of 252)

Industry: Computer - Software

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Zacks News

Based in San Jose, CA, Cadence Design Systems Inc. (CDNS) offers products and tools that help customers to design electronic products. Through System Design Enablement (SDE) strategy the company offers software, hardware, services and reusable IC design blocks (IPs) to electronic systems and semiconductor customers. Cadence’s core electronic design automation (EDA) software and services enable engineers to develop different types of ICs. Its design IP’s are directly integrated into the ICs.

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In the latest trading session, Cadence Design Systems (CDNS) closed at $223.01, marking a -1.03% move from the previous day.

Cadence (CDNS) Upgraded to Buy: What Does It Mean for the Stock?

Cadence (CDNS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Is Cadence Design Systems (CDNS) Stock Outpacing Its Computer and Technology Peers This Year?

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Cadence Design Systems (CDNS) Dips More Than Broader Markets: What You Should Know

Cadence Design Systems (CDNS) closed the most recent trading day at $232.53, moving -1.4% from the previous trading session.

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Cadence Design Systems (CDNS) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Cadence Design Systems (CDNS) closed at $236.06, marking a -1.23% move from the previous day.

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Cadence (CDNS) Gains 45% YTD: Will the Uptrend Continue?

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Cadence Design Systems (CDNS) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Cadence Design Systems (CDNS) closed at $233.22, marking a +1.71% move from the previous day.

Wall Street Analysts See Cadence (CDNS) as a Buy: Should You Invest?

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Cadence Design Systems (CDNS) Stock Sinks As Market Gains: What You Should Know

Cadence Design Systems (CDNS) closed the most recent trading day at $228.78, moving -1.53% from the previous trading session.

Cadence Design Systems (CDNS) Dips More Than Broader Markets: What You Should Know

Cadence Design Systems (CDNS) closed at $230.91 in the latest trading session, marking a -1.64% move from the prior day.

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